Coalition to scrap Albanese’s housing fund, cap migration on new homes

Australia’s main opposition party, the Coalition, is set to table a sharp, interventionist alternative to the Albanese government’s housing and migration policies in its formal budget reply speech on Thursday evening, led by Opposition Leader Angus Taylor. Scheduled to address parliament shortly after 7:30pm, the plan targets what the Coalition frames as Labor’s failed approach to the national housing crisis, centering on two headline pledges: a legally tied annual cap on net overseas migration linked directly to national housing completion numbers, and full abolition of the current government’s signature housing initiatives.